New Federal Loan Repayment Plan Provides Relief for Student Loan Borrowers
January 16, 2010
On July 1, 2009, the federal government made a new student loan repayment program, Income-Based Repayment, available to borrowers. This new repayment option makes student loan payments more affordable for many more people. Under the Income-Based Repayment (IBR) program, a borrower’s monthly payment on federal student loans is capped based upon the borrower’s income and family size. Read More
Senator Clinton Introduces Student Borrower Bill of Rights
August 1, 2006
On May 26, 2006, Senator Hilary Rodham Clinton introduced the “Student Borrower Bill of Rights Act of 2006” (S.3255). According to findings set forth in the Bill, between 1994 and 2005, student loan borrowing increased a staggering 76 percent. Read More